138
138
Aug 14, 2013
08/13
by
CNBC
tv
eye 138
favorite 0
quote 0
we'll get you the results from the retail giant and analysis from dana tellsy. plus, we'll tell you what to expect when cisco reports after the well. who is winning the ral? >> i won. i won the money. i won the money. did you hear mow? i say i won. it's here, right here. >> we'll continue our what's work series with stock picks from a top rated strategist and portfolio manager. >> and breaking economic data. >> a bunch of my economists are trying to bore me to death. >> the nerd. >> we'll get the producer price index for july at 8:30 a.m. eastern. >> the third hour of "squawk box" begins right now. >> welcome back to "squawk box" here on cnbc, first in business worldwide. i'm andrew ross sorkin along with becky quick. steve liesman with us and joe kernin on vacation and our guest host gives us perspective, dan colorusso. >> macy's out with earnings 72 cents a share and the street was looking for 78 cents and the comments from the company that acknowledged that this was a soft disappointment or soft -- softer than expected just in terms of that performance. they
we'll get you the results from the retail giant and analysis from dana tellsy. plus, we'll tell you what to expect when cisco reports after the well. who is winning the ral? >> i won. i won the money. i won the money. did you hear mow? i say i won. it's here, right here. >> we'll continue our what's work series with stock picks from a top rated strategist and portfolio manager. >> and breaking economic data. >> a bunch of my economists are trying to bore me to death....
141
141
Aug 27, 2013
08/13
by
CNBC
tv
eye 141
favorite 0
quote 0
dana, where does the stock go from here? >> overall it needs to have results. it needs to have same-store sales. it's getting closer to flat than the negative 12% and they're going up against a negative 26% to negative 32% through the back half of the year. >> is this a positive development? is this a negative development? do you say there was going to be an overhang on the stock and the good news is they just cleared that overhang out in one fell swoop? or do you say to yourself, if he's willing to take a loss at this point, that's bad news for everybody? >> i think your first scenario's more likely. i think it was disruptive in terms of what was going on. you have to be able to get the company to some sort of level of stabilization. it was challenging to do that with the boardroom fights happening on main street. and now the holiday season is coming, the most important time of the year for the company. they're trying to get the home department fixed and focus and concentration is the key. >> courtney, the view inside jcpenney, they're happy to see mr. ackman
dana, where does the stock go from here? >> overall it needs to have results. it needs to have same-store sales. it's getting closer to flat than the negative 12% and they're going up against a negative 26% to negative 32% through the back half of the year. >> is this a positive development? is this a negative development? do you say there was going to be an overhang on the stock and the good news is they just cleared that overhang out in one fell swoop? or do you say to yourself,...
132
132
Aug 22, 2013
08/13
by
CNBC
tv
eye 132
favorite 0
quote 0
like dana said, there's so much more choice. you could really browse ahead of time online and then because of that stores may not actually see the foot traffic and you may not get those sales. consumers have gotten a lot smarter and they know if they wait, they'll probably get bigger sales towards the end of the season when the retailers get a little desperate. >> dana, just in a word, do you see the risk there for holiday? >> it is a risk for holiday right now. typically back to school always a little bit of a precursor and holiday this year, it's shorter. it's 26 days versus 32 days. so it definitely puts up the cautious flag for holiday 2013. >> all right. dana and courtney, thanks very much for some more perspective. speaking of retail tune into "the closing bell" tomorrow for an exclusive interview is walmart ceo mike duke. it all starts at 3:00 p.m. eastern. >>> u.p.s. says it will cut insurance for 15,000 spouses because of the president's new health care law. are other companies likely to follow suit? we'll talk about th
like dana said, there's so much more choice. you could really browse ahead of time online and then because of that stores may not actually see the foot traffic and you may not get those sales. consumers have gotten a lot smarter and they know if they wait, they'll probably get bigger sales towards the end of the season when the retailers get a little desperate. >> dana, just in a word, do you see the risk there for holiday? >> it is a risk for holiday right now. typically back to...
134
134
Aug 16, 2013
08/13
by
CNBC
tv
eye 134
favorite 0
quote 0
dana brunetti joins us here at post 9. it's a treat for me because this show is a personal obsession of mine. it's good to have you, dana. >> thanks for having at the. >> how much did the emmy's change the game? >> it made history. it's the first time a show like that has ever been nominated for an emmy. when we set it up at netflix, we sort of assumed we wouldn't be eligible, but the industry came around as we went into production. it's a big game changer as far as being nominated and recognized by the industry as that's a viable means for quality content to get to an audience. >> can you talk about the original pitch meetings? because netflix hadn't done anything like this before and even they said what a massive bet this was for them. there were worries about the distribution models, worries about letting all the episodes float at once, losing that sort of weight, that drip, drip, drip that dramas have lived off for decades. >> as far as releasing them ought al once, we've seen a lot of the drips. a lot of people are st
dana brunetti joins us here at post 9. it's a treat for me because this show is a personal obsession of mine. it's good to have you, dana. >> thanks for having at the. >> how much did the emmy's change the game? >> it made history. it's the first time a show like that has ever been nominated for an emmy. when we set it up at netflix, we sort of assumed we wouldn't be eligible, but the industry came around as we went into production. it's a big game changer as far as being...
99
99
Aug 21, 2013
08/13
by
CNBC
tv
eye 99
favorite 0
quote 0
they would replace long time directors dana coat and alan footer. >>> the financial times reports jpmorgan has hired a new york law firm to investigate its hong kong hiring practices. the firm will respond to questions from the s.e.c. about whether the bank hired children of key chinese officials to help it win underwriting business. >>> a quick check of jpmorgan shares in frankfurt, up by .5%. >>> u.s. attorney general eric holder says the justice department is close to making decisions on several probes involving big financial firms. holder tells the wall street journal he plans to announce new cases stemming from the financial crisis in the coming months. holder says, quote, anybody who is inflicted damage on our financial market should not be out of the belief they're out of the woods because of the passage of time. the obama administration has been criticized for not bringing criminal charges against any top executives over the 2008 market meltdown. >>> deliveries of aluminum to warehouses run by big banks and trading firms have reportedly plunged this summer. the wall street journal
they would replace long time directors dana coat and alan footer. >>> the financial times reports jpmorgan has hired a new york law firm to investigate its hong kong hiring practices. the firm will respond to questions from the s.e.c. about whether the bank hired children of key chinese officials to help it win underwriting business. >>> a quick check of jpmorgan shares in frankfurt, up by .5%. >>> u.s. attorney general eric holder says the justice department is close...
159
159
Aug 19, 2013
08/13
by
CNBC
tv
eye 159
favorite 0
quote 0
eugene robinson, dana milbank. all these type. and i said you are probably the most conservative or fair-minded person at the entire "new york times." that's what i said. >> thank you for that. >> but it was as far left as you are, you are probably the most reasonable person, which is why the huffington post probably doesn't like you. >> i don't know where to go with that. >> i have two points who read the allyn sloan piece. >> he better declare. >> but his point was -- >> was it the internet came from the 19th -- >> he was making a very left argument that the internet was a product of the government and, therefore, jeff bezos should be -- >> you guys lost your -- even robert schiller admits that invest investment in infrastructure comes from entrepreneurs. even bono knows it now. >> bono. >> bono? who is bono? >> oh, he's -- >> can i give one irony of that allyn sloan's piece in "fortune." "the washington post" pays to republish that piece in "the washington post." so we'll see how long that lasts. >> jennifer rubin started follo
eugene robinson, dana milbank. all these type. and i said you are probably the most conservative or fair-minded person at the entire "new york times." that's what i said. >> thank you for that. >> but it was as far left as you are, you are probably the most reasonable person, which is why the huffington post probably doesn't like you. >> i don't know where to go with that. >> i have two points who read the allyn sloan piece. >> he better declare. >>...
136
136
Aug 20, 2013
08/13
by
CNBC
tv
eye 136
favorite 0
quote 0
>> you know, off the top of my head, it's dana's company. i don't have the numbers. the expectation were low there, it's a decent result, relatively speaking. i think there is hopefulness j.c. penney will turn it around. i think on the hard line side is where best boy had terrific numbers. home depot had strong numbers. we will hear from dick's sporting gods later. >> jc penney $2.66 billion for those revenues. joe, when you think about home depot and the consumer and a rising mortgage rate environment, are you seeing the disposable income of some of these consumers actually getting hit before we get to the end of the year? and is that going to affect tear abilities to improve their homes? >> no, you know, i think the wealth effect is actually helping to drive sales. if you think about the installed base of homeowners are mainly set. you know the new homes or the turnover of homes is a pretty small turnover of the market. probably almost 85, 90% of home debow sales come from people saying put. if they feel better about the value of their home or the jobs situation, t
>> you know, off the top of my head, it's dana's company. i don't have the numbers. the expectation were low there, it's a decent result, relatively speaking. i think there is hopefulness j.c. penney will turn it around. i think on the hard line side is where best boy had terrific numbers. home depot had strong numbers. we will hear from dick's sporting gods later. >> jc penney $2.66 billion for those revenues. joe, when you think about home depot and the consumer and a rising...